MATIC’s latest active address count can give clarity to short-term traders

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The bull flag indicated $24.2k as a target. The presence of a bullish breaker offered greater support to BTC. Bitcoin [BTC] noted impressive gains in January 2023. During...

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The surge to the 61.8% extension level saw a sharp pullback. A consolidation zone in the minor rally that followed was broken and shifted bias to bearish. It...

Canto DEX set a new record with a $63.2 million transaction volume. An increase in development activity and ATOM’s volume suggests good days for the Cosmos network ahead. The Cosmos-based L1 blockchain Canto DEX recently set a new record with its transaction volume reaching $63.2 million, surpassing the likes of Solana and Fantom.

DeFi protocols powered Polygon’s network growth. MATIC’s price rallied by over 10% at press time. Polygon’s [MATIC] fantastic 2023 continued and investors couldn’t have asked for more. As a crypto market analyst revealed on 26 January, the scaling solution surpassed Ethereum [ETH] in daily active users by blockchain, hitting more than 344k users at press time.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. DOT found a steady ground, and price recovery could be likely. DOT’s Funding Rate declined, but there was a slight improvement at press time. Polkadot [DOT] bulls...

The Aave community passed the AIP 14 to authorize clearing CRV’s bad debt. Aave’s on-chain transaction volume was largely at a loss at press time. On 26 January, the developers of the Aave [AAVE] protocol had announced that they had acquired 2.7 million Curve [CRV] tokens from the latter’s platform.

Polkadot’s eco-friendliness could positively impact sentiment. Upcoming developments and a growing number of stakers could also drive interest. According to recent data provided by PolkadotInsider, Polkadot [DOT] consumed the least amount of electricity compared to other cryptocurrencies in the market. This eco-friendliness could impact Polkadot and the sentiment surrounding the cryptocurrency positively.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The daily timeframe structure was strongly bullish. A dip below $22.2k will break the lower timeframe bias. Bitcoin rallied hard throughout January and has posted gains of 44.3%...

A Bloomberg report has pointed out that Binance failed to separate users’ funds from collateral. BNB appeared to react negatively to the news, as minimal loss in value was seen. On 24 January, Bloomberg published an article detailing how Binance held users’ and collateral backing some pegged tokens. Per...

Bitcoin may regain some volatility to end the month as options expire. Exchange reserves drop to a monthly low but some whales are still cashing out. There are only a few days remaining until the month ends but this might be enough time for a major Bitcoin move. It has been losing volatility in the last few days but there is one event that can potentially trigger a resurgence of volatility.

Bitcoin entered the early stages of a bull phase, as per CryptoQuant’s data. A decline in Bitcoin returns compared to other cycles was observed. Bitcoin has entered the early stages of a bull phase, according to recent data provided by CryptoQuant. Now, you might ask for a more detailed...

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. LTC dropped below its rising channel. LTC’s price consolidation could persist into the weekend but change early next week. Litecoin [LTC] hit rock bottom of $61 in...

Declining active users and transactions on Optimism could affect its future success. High fees and lack of interest in the native token could contribute to the decline in active users. Based on data provided by Token Terminal, Optimism’s [OP] market cap continued to grow despite a decline in the number...

Tesla has not sold any Bitcoins in the fourth quarter of 2022. The e-car manufacturer’s digital assets value has seen a significant drop compared to Q3. Tesla, an American multinational electric car manufacturer, has released its earnings report for the fourth quarter of 2022. The firm spearheaded by Elon Musk continues to hold the same position on Bitcoin (BTC) compared to its Q3 2022 report. The firm has not sold or purchased any BTC.

Chiliz’s network upgrade may increase demand exponentially. Short-term CHZ prospects remained weak, but the long-term outlook just got a lot better. The Chiliz [CHZ] network was in the midst of a major network upgrade at press time. According to an update by founder Alexandre Dreyfus on 26 January, Chiliz 2.0 would introduce various positive changes.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. APE could oscillate in a higher range if BTC maintains the $23K zone. There was a slight accumulation despite a drop in trading volume. ApeCoin [APE] has been...

OANDA, a leading online trading platform, has been named Singapore’s #1 crypto broker for client satisfaction, according to a recent survey conducted by a leading financial news outlet. This marks the second consecutive year OANDA has received this honor, solidifying its position as the go-to choice for crypto traders in Singapore.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Ethereum Classic traded within a range. Range highs and range lows could be key over the next few days. Bitcoin continued to consolidate around the $23k area. While...

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject. Although Algorand (ALGO) is intended to be a very effective proof-of-stake (PoS) blockchain, other networks like Ethereum (ETH), BNB Chain (BNB), and Solana (SOL) have been at the forefront of significant DeFi activity (SOL).

Chainlink was on the list of the top 10 purchased tokens among the 100 biggest Ethereum whales. A few metrics were bearish, but the market indicators suggested otherwise. Chainlink [LINK] continued to increase its adoption with new partnerships, the latest being with Elure Labs. As per the official announcement on 13 January, Elure Labs has integrated Chainlink Price Feeds to help ensure that collateralization ratios were calculated based on tamper-proof market data.